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Apr 11, 2016

Maersk Tankers Adds MR Duo, More Orders to Come When the Price Is Right

Maersk Tankers, tanker arm of the Danish shipping conglomerate Maersk, christened two more newbuilds at Sungdong Shipyard in Tongyong, South Korea, on Friday, April 8th. Named Maersk…

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Apr 11, 2016

Port Automation: Friend or Foe?

Development of modern technology has ushered in a myriad of changes into the maritime industry. Introduction of complex navigation softwares aboard ships, giant remotely-operated…

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Apr 11, 2016

Ocean Yield Nets Financing for LEG Trio

Oslo-listed ship owning company Ocean Yield ASA has received a commitment letter from a group of banks for a USD 202.5 million credit facility for the financing of the three liquefied…

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Apr 11, 2016

Readers’ Picks of the Week (April 4th – 8th, 2016)

Drewry: Big Ship Obsession Could Be Diminishing The drop in newbuild containership orders could be continued as container shipping companies seem to be running out of profitable…

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Apr 10, 2016

Readers’ Picks of the Week (April 4th – 8th, 2016)

Drewry: Big Ship Obsession Could Be Diminishing The drop in newbuild containership orders could be continued as container shipping companies seem to be running out of profitable…

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Apr 08, 2016

Spotted: Benedict Schulte Gets New Anchor and Chain in Just One Day

The Netherlands-headquartered supplier of anchors and chains Damen Anchor & Chain Factory (AKF), a member of Damen Shipyards Group, has supplied and installed anchor and chain…

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Apr 08, 2016

WTO Expects Sluggish World Trade Volume Growth in 2016

Growth in the volume of world trade is expected to remain sluggish in 2016 at 2.8%, unchanged from the 2.8% increase registered in 2015, the World Trade Organization (WTO) estimates.…

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Apr 08, 2016

Dismal Prospects for Container Shipping

Further expected container shipping liner losses throughout the first half of 2016, exacerbated by the awful prevailing spot and contract freight rates will lead to a major trigger…

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Apr 06, 2016

Stena Line to Add Four New RoPax Ferries

Gothenburg-headquartered ferry company Stena Line has ordered four new RoPax ferries with planned delivery during 2019 and 2020, with an option for another four vessels, from …

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Apr 06, 2016

Port Automation: Smart, Smarter, Smartest!

The global container handing equipment fleet is getting smarter as port operators apply more sophisticated IT in their operations. The amount of intelligence on both manned…

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